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Rep. William J. Jefferson and 53 co-sponsors Introduce H.R. 2681

Wednesday, May 25, 2005 - 7:00AM

Rep. William J. Jefferson, D-La., and 53 co-sponsors today introduced H.R. 2681, the Affordable Housing Tax Credit Enhancement Act of 2005. The bill would double the current low-income housing tax credit (LIHTC) from $1.85 per capita to $3.70 per capita beginning in 2006 and rename the LIHTC the “Affordable Housing Tax Credit” to remove any negative connotation and more accurately describe the program. In his introductory statement, Jefferson extolled the LIHTC as “the nation's most successful housing production program” and said it is “unparalleled in contributing to the revitalization of distressed neighborhoods and communities.” Click here for copy of the measure.

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